Velocity shares rise after earnings beat
Banking & Finance, Earnings, East Ventura County, Latest news, Real Estate, Tri-County Economy, Tri-County Public CompaniesVelocity Financial saw its net income rise in its second quarter financial earnings, beating estimates. The Westlake Village-based mortgage firm had net income of $9.45 million, or 28 cents per share, well above analysts’ estimates of around 15 cents per share. Velocity Financial more than tripled its net income from the same time a year Read More →
Good Works: Amgen contributes to homelessness relief; Bayer Fund gives for Ventura County blood drives
Latest news, NonprofitsThe United Way of Ventura County has received a $100,000 grant from The Amgen Foundation for the second time since 2019, to support the United Way’s United to End Homelessness Initiative. The United to End Homelessness Initiative is a landlord engagement program in Ventura County. The program’s goal is to prevent homelessness by increasing the Read More →
Street Smarts: Santa Maria Chamber awards; Cowboys return to Oxnard; City Hall veteran runs for SB City Council
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Salem reports profit in Q2
Banking & Finance, Earnings, Latest news, Tri-County Public CompaniesSalem Media Group saw its net income rise over the last year as revenue and operating expenses both went up for the quarter ended June 30. The conservative media group has some of its main operations in Camarillo but moved its headquarters earlier this year to Irving, Texas. Its total revenue increased more than 20% Read More →
Business Times to honor 2021 Spirit of Small Business winners
Latest news, Small Business, Special SectionsThe Pacific Coast Business Times will hold a virtual reception on Aug. 19 to honor the recipients of its 19th annual Spirit of Small Business Awards. The 2021 Spirit of Small Business special section published July 23 and is available here at the Business Times website. To register for the event, which begins at 1 Read More →
Community West Bank reports increase in quarterly earnings
Banking & Finance, Banking Industry, Earnings, Latest news, South Coast, Tri-County Economy, Tri-County Public CompaniesIn another sign of strength for the regional banking industry, Goleta-based Community West Bancshares reported a 17.5% increase in net income for the second quarter, to 41 cents per share. The parent of Community West Bank said on Aug. 2 that earnings for the most recent quarter were $3.6 million, versus $3 million for the Read More →
Vital Signs: Central Coast business owners see light at end of tunnel
Latest newsFor the first time since the COVID-19 pandemic began, a majority of businesses in San Luis Obispo and northern Santa Barbara counties were open without restrictions in June, according to the latest survey by the Central Coast Coalition of Chambers. The coalition has been surveying business owners every other month since shortly after the pandemic Read More →